Under new IRS reporting requirements, U.S. taxpayers with specified foreign financial assets that exceed certain thresholds must report those assets using a complex new form, Form 8938. Those who have this filing obligation and fail to file Form 8938 with their Form 1040 may face substantial...

Nothing in the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank” or the “Act”) directly applies to nonprofit organizations. Nonetheless, boards of large, publicly-funded nonprofits would be well served to consider and adopt Dodd-Frank’s...

On May 21, the IRS released Notice 2010-45 (“Notice”), supplying guidance on a new tax credit that may provide a substantial benefit to small and midsized biotech companies. The Therapeutic Discovery Project Credit (“Credit”), enacted as part of the recent healthcare reform...